Movers: Asian Paints, Gujarat Ambuja, KPI Green, Paytm, Patel Engineering, MOIL, NTPC, Swan Energy

Arun Goswami
04 Mar, 2024
Mumbai

Benchmark indexes in Mumbai lacked direction in Monday's trading and traded around record highs as investors reviewed the latest updates on economic growth and core industrial output. 

The Sensex index increased 0.1% to 73,875.02, and the Nifty index rose 0.2% to 22,413.0.

On the Mumbai stock exchange, 229 stocks traded at their 52-week highs and 18 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds increased to 7.06%, and the Indian rupee strengthened to ₹82.87 against the U.S. dollar.

One 97 Communications declined 1% to ₹409.60 after the Financial Intelligence Unit of India fined the company 5.49 crore for failing to meet the requirements under the Prevention of Money Laundering Act. 

Asian Paints decreased 0.5% to ₹2,842.35 after the company said it plans to invest 2,000 crore to set up a water-based paint production facility with an annual capacity of 400,000 kiloliters. 

Swan Energy declined 1.8% to ₹718.0 after the company's LNG subsidiary said it has fully repaid its ₹2,206 crore loan to a consortium of banks, lowering its total debt to ₹1,675 crore. 

MOIL increased 4.4% to ₹294.30 after the largest manganese ore mining company said February production increased 15% to a record 1,51,000 tons.

KPI Green Energy increased 1.4% to ₹1,783.0 after the company signed an agreement with Gujarat Urja Vikas Nigam to sell 200 MW of alternate current with a peak power of 240 MW from its 800 MW solar power plant projects. 

Gujarat Ambuja Exports gained 0.8% to ₹407.20 after the company inaugurated a 120-ton liquid glucose unit at its West Bengal facility, increasing its total daily capacity to 900 across five manufacturing locations. 

Patel Engineering advanced 2.7% to ₹69.75 after the company's joint venture won a ₹523 crore RCC protection wall construction project in Telangana. 

The company's share of the project totaled ₹268 crore.  

R K Swamy launched its bidding period for its ₹423 crore public offering with a price band between ₹270 and ₹287 per share scheduled to be listed on March 12. 

The integrated marketing services provider said that the company plans to raise ₹173 crore and the remaining proceeds will go promoters selling their stakes in the company.   

The company has already raised 187 core through an anchor investors as of March 1. 

NTPC gained 3.5% to ₹354.45 after the company's board approved investment plan of ₹17,195 crore in Singrauli Super Thermal Power Project. 

SJVN added 1.8% to ₹123.10 after the company's green energy subsidiary won a project to build 200 MW solar power plant with a preliminary development cost of 1,000 crore.